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Biotech / Medical : Duramed (DRMD) Synthetic Estrogen Product -- Ignore unavailable to you. Want to Upgrade?


To: RumbleFish who wrote (1798)6/26/2001 8:33:54 PM
From: vestor  Read Replies (1) | Respond to of 1837
 
Rumblefish,

The 3,000,000 shares convertable at <6. was as a result of obtaining financing from a specific party. Is it known if that party has partially or wholey converted?

I do not remember the specific terms of the agreement but it aparently had the blessing of Solvay who purchased a significant number of shares at $9.

It is something that should be considered in the scheme of things but it has not prevented Fidelity and other of the big boys from making sizeable purchases.